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� �� � <br /> O � <br /> • '�� � � CITY of ORONO <br /> � � � � � <br /> , . ,.. � <br /> �� RESOLUTION OF THE CITY COUNCIL <br />. ��� �Gti <br /> . �kESII�4 NO. � � `� � <br /> RESOLUTION TO REQUEST <br /> ORONO HOUSING AND REDEVELOPMENT AUTHORITY <br /> PARTICIPATION IN CITY FIRE STATION AND <br /> . EQUIPMENT FINANCING <br /> BE IT RESOLVED By the City Council of the City of Orono,Minnesota, as follows: <br /> l. This Council hereby determines to request that the Orono Housing and <br /> Redevelopment Authority issue revenue bonds under Minnesota Statutes, Sections 469.152 to <br /> 469.165 (the"Bonds")to finance construction of a new fire station in Navarre on land owned by <br /> the City and acquisition of fire equipment (the"Project"). The principal and interest on the . <br />• � Bonds will be paid from lease payments to be made by the City. <br /> 2. The City shall work with the Orono Housing and Redevelopment Authority to prepare <br /> •proposed documentation, to set a sale date and prepare offering document. The terms of the <br /> Bonds and related documentation shall be subject to approval by this Board. <br /> Adopted by the City Council of the City of Orono, Minnesota, at a regular meeting held <br /> Apri128, 2003. <br /> ATTEST: <br /> _ � �. <br /> Lin a S. Vee,City Clerk Barbara A. Peterson, Mayor � <br /> • � <br />